Three more investment funds — with combined commitments of at least $1.5 billion — have applied for and received approval from the Treasury Department to participate in the 'Public-Private Investment Program' in regard to buying troubled securities.

The three are: AllianceBernstein and its sub-advisors Greenfield Partners and Rialto Capital Management; BlackRock; and Wellington Management Co. Treasury says each has completed initial closings and has at least $500 million of committed equity capital from private investors.

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